Post
Topic
Board Announcements (Altcoins)
Re: [ANN] [ZID] Identity | SINGULARITY roadmap --> DNA | AI | no ICO, no premine
by
Project_Identity
on 03/04/2017, 20:53:02 UTC


Scrap this.  An entire year of mining amounts to about 3.18 million coins.  This "fair distribution fund" is never going to come close to 1 million coins.  100k coins in the first year is even an incredibly lofty goal.  Either way, by the time such a fund were to reach a significant amount, it will no longer be useful.  The whole point of air drops and distributing free coins is to jump start the "network effect".  That point is moot after 6 months to a year of development.
I agree completely the new Ann page won't have it. The release of the second chain will though. It's POS no mine, with air drop.

I'm confused now. There will be a second coin too? So there will never be an airdrop (or whatever you wanna call it) for zid?


The first chain is the currency the second  chain will be much more and the tokens are essentially fuel for the network.


There are two chains that work in tandem with each other.

One is pure currency. One is programmable for side chains and smart contracts. Chain one you can mine. Chain two is un minable. POS running nodes will make you earn tokens.

Since chain two is premined tokens they will be given away and other rewards offered.

Chain one was no premine so unless we have a mass amount of funds for the donation it won't happen.

Like I said before things are subject to change, as we progress for the better.